XAU

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.034%

Price spread now: Injective against Polymarket Perps+0.625%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.625% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.625% now, against zero (this spread has no 7-day history yet)): +$62 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOLD-USD	4,323.4	0.0209	pay 0.0026% / 1h	25m 24s	$4.3M	$1.9M	20x
Short	Injective XAU/USDC PERP	4,350.4	0.0033	get 0.0004% / 1h	25m 24s	$619	$54	52x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Polymarket PerpsbpFee InjectivebpOrdersPrice spread, now +0.625%Rate

Funding earned: −$36.97
Price spread: +0.625% → 0.000%: $62.5
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $17.51
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Polymarket Perps live order book, 4 min ago	0.12 bp	4.7 bp −$5	5.3 bp −$53	6.0 bp −$596	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XAU on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin GOLD-PERP	−0.0087%	1h	4,316.6	−0.158%	$25K	$1K	20x	as long as short
SunX XAU-USDT	0.0000%	4h	4,327.2	+0.088%	$92K	$7.7M	20x	as long as short
gTrade (Gains Network) XAU/USD	L +0.0002% / S −0.0003%	1h	4,318.9	−0.105%	$270K	—	250x	as long as short
Bybit XAUUSDT	+0.0011%	4h	4,324.2	+0.019%	$77.4M	$154.9M	150x	as long as short
Hotstuff GOLD-PERP	+0.0032%	1h	4,318.9	−0.104%	$32K	—	25x	as long as short
Injective XAU/USDC PERPshort	+0.0033%	1h	4,350.4	+0.625%	$619	$54	52x
StandX XAU-USD	+0.0040%	1h	4,323.4	0.000%	$3.8M	$4.5M	40x	as long as short
QFEX GOLD-USD	+0.0042%	1h	4,322	−0.032%	$5.4M	$2.0M	20x	as long as short
Vest GC-PERP	+0.0046%	1h	4,355.3	+0.738%	—	$1.0M	25x	as long as short
tradeXYZ xyz:GOLD	+0.0050%	1h	4,319.2	−0.097%	$291.5M	$51.5M	25x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps XAU-USD.P	+0.0050%	1h	4,318.5	−0.114%	$15.0M	$55.3M	25x	as long as short
Lighter XAU	+0.0064%	1h	4,322	−0.033%	$20.3M	$30.6M	25x	as long as short
Aster XAUUSD1	+0.0067%	4h	4,325.1	+0.039%	$72.5M	$277.1M	20x	as long as short
Coinbase International GOLD-PERP-INTX	+0.0072%	1h	4,319.5	−0.090%	$2.1M	$4.9M	25x	as long as short
Paradex XAU-USD-PERP	+0.0075%	8h	4,322	−0.032%	$2K	$13K	5x	as long as short
Kalshi KXGOLDPERP	+0.0077%	24h	4,324.4	+0.023%	$3.8M	$43.7M	15x	as long as short
Extended XAU-USD	+0.0080%	1h	4,318.8	−0.106%	$12.9M	$36.9M	25x	as long as short
GRVT XAU_USDT_Perp	+0.0082%	4h	4,323.1	−0.007%	$1.4M	$3.0M	25x	as long as short
Variational Omni XAU	+0.0090%	4h	4,322.1	−0.029%	$47.3M	$28.9M	—	as long as short
MEXC XAU_USDT	+0.0096%	4h	4,323.3	−0.003%	$362.1M	$330.9M	1000x	as long as short
Binance XAUUSDT	+0.0097%	4h	4,323.4	+0.001%	$417.2M	$2.12B	100x	as long as short
Phoenix GOLD	+0.0100%	1h	4,319.6	−0.088%	$47K	$79K	25x	as long as short
Pacifica XAU	+0.0100%	1h	4,318.9	−0.104%	$1.4M	$1.2M	10x	as long as short
ApeX Omni XAUUSDT	+0.0100%	1h	4,319.8	−0.083%	$272K	$208K	50x	as long as short
Aevo XAU-PERP	+0.0104%	1h	4,322.1	−0.031%	$160K	$87	10x	as long as short
edgeX XAUUSDC	+0.0108%	4h	4,318.8	−0.107%	$30.0M	$59.5M	50x	as long as short
Gate XAU_USDT	+0.0108%	4h	4,325.4	+0.045%	$281.0M	$418.3M	100x	as long as short
Lighter RH XAU	+0.0112%	1h	4,324.6	+0.028%	$19.8M	$38.9M	25x	as long as short
Kraken Futures PF_XAUUSD	+0.0153%	1h	4,320.1	−0.076%	$584K	$135K	25x	as long as short
Bullet GOLD-USD	+0.0178%	1h	4,323	−0.008%	$59K	$82K	10x	as long as short
RISEx XAU/USDC	+0.0184%	1h	4,325.4	+0.047%	$4.2M	$12.9M	25x	as long as short
Polymarket Perps GOLD-USDlong	+0.0209%	1h	4,323.4	long leg	$4.3M	$1.9M	20x
Bitget XAUUSDT	+0.0222%	4h	4,323.1	−0.006%	$67.7M	$118.0M	100x	as long as short
HTX XAU-USDT	+0.0251%	4h	4,328.3	+0.114%	$2.8M	$4.9M	75x	as long as short
OKX XAU-USDT-SWAP	+0.0304%	8h	4,323.6	+0.005%	$171.8M	$298.1M	100x	as long as short
Phemex XAUUSDT	+0.0325%	4h	4,324.6	+0.028%	$2.2M	$967K	100x	as long as short
Deribit GOLD_USDC-PERPETUAL	+0.0329%	1h	4,321.8	−0.037%	$191K	$836K	25x	as long as short
BloFin XAU-USDT	+0.0336%	4h	4,323	−0.009%	$16.1M	$4.6M	100x	as long as short
GMX GOLD/USD [ETH-USDC]	L +0.0462% / S −0.0307%	1h	4,323.5	+0.002%	$252K	—	111x	as long as short